ValuEngine Downgrades Proto Labs (PRLB) to Hold

ValuEngine downgraded shares of Proto Labs (NYSE:PRLB) from a buy rating to a hold rating in a report issued on Friday.

Other analysts have also recently issued reports about the stock. Piper Jaffray Companies lowered their target price on shares of Proto Labs to $98.00 and set a neutral rating on the stock in a research note on Thursday, February 7th. Zacks Investment Research upgraded shares of Proto Labs from a hold rating to a buy rating and set a $134.00 target price on the stock in a research note on Thursday, November 1st. Northcoast Research began coverage on shares of Proto Labs in a research note on Wednesday, December 12th. They issued a buy rating and a $145.00 target price on the stock. Finally, Berenberg Bank began coverage on shares of Proto Labs in a research note on Wednesday, November 14th. They issued a buy rating and a $159.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $134.00.

NYSE PRLB opened at $104.99 on Friday. Proto Labs has a 1 year low of $94.20 and a 1 year high of $166.60. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 1.08 and a beta of 1.63.

Proto Labs (NYSE:PRLB) last posted its earnings results on Thursday, February 7th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.06). Proto Labs had a return on equity of 14.73% and a net margin of 17.19%. The firm had revenue of $112.80 million during the quarter, compared to analysts’ expectations of $115.40 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, equities analysts anticipate that Proto Labs will post 3 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Proto Labs by 2.0% in the 4th quarter. BlackRock Inc. now owns 4,002,278 shares of the industrial products company’s stock worth $451,417,000 after buying an additional 77,933 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Proto Labs by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,625,466 shares of the industrial products company’s stock worth $424,668,000 after buying an additional 100,343 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Proto Labs by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 2,625,466 shares of the industrial products company’s stock worth $424,668,000 after buying an additional 100,343 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in shares of Proto Labs by 2.5% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 939,135 shares of the industrial products company’s stock worth $151,905,000 after buying an additional 22,895 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in shares of Proto Labs by 14.0% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 690,326 shares of the industrial products company’s stock worth $111,660,000 after buying an additional 84,695 shares during the last quarter. Institutional investors and hedge funds own 97.68% of the company’s stock.

About Proto Labs

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce enabled digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

Featured Article: Marijuana Stocks Investing Considerations

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Proto Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proto Labs and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply